Thursday, December 1, 2011

Trader Update -data point 2 December 2011-

...the SPX 500 consolidated between *1239.73 and *1251.09 intraday moving quietly along above the 200-dsma hourly time frame - the Trin *0.77 remained with a bullish to neutral bias - Long Term Trending Fed. Liquidity, Institutional Investors, and Foreign Liquidity Inflows and institutional buy_sell trending neutral to bullish bias - up-trend institutional selling trending at inflection point - C-RSI_30 remains negative
- growth rate ----FTL(follow the leader/very strong)-stocks higher than growth rate strong stocks - in positive territory 1 December 2011

- the VIX *27.4 moved marginally lower - unable to push below the program selling threshold *26.0 a result, trading momentum above the 200-dsma could carry prices past upper wedge resistance current *1252.16 into the heavily fortified *1260 congestion (the 200-dsma current *1265.43) - potential for the market to push prices up as far as the 8 November 2011 High *1277.55 before exhaustion sets in

Kind Regards

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